Cashing Out Paper Losses Turns Them Into Real Losses
(Throwback Thursday replay!)
That's tragic in investing, but it's a disaster in the rest of your life too.
Here are some principles to help manage our minds and behaviors when life seems to be handing us big losses. We'll look at the psychology of investing, and apply it to the rest of our lives. And we'll see God as the God who can give us late-market rallies, 4th quarter comebacks, and who makes a way where there is no way.
PLUS! A story about my friends, Rested Ronnie and Sweaty Sam!
Books mentioned:
Morgan Housel, The Psychology of Money
David Richo, Five True Things: A Little Guide to Embracing Life's Big Challenges
Scriptures mentioned:
Psalm 77
The book of Habakkuk
Isaiah 43:19
Resources:
Get the MessengerX App from Messenger International
Tommy Walker Ministries
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